{"id":1676,"date":"2016-06-06T11:26:26","date_gmt":"2016-06-06T11:26:26","guid":{"rendered":"http:\/\/demo.goodlayers.com\/infinite\/?p=1676"},"modified":"2024-03-08T17:45:07","modified_gmt":"2024-03-08T17:45:07","slug":"separated-they-live-in-bookmarksgrove","status":"publish","type":"post","link":"https:\/\/www.goldenpere.com.ng\/?p=1676","title":{"rendered":"Oil Steadies on Course for Its Least Volatile Week Since 2021"},"content":{"rendered":"
\n
\n
\n
\n
\n
\n
<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
\n
\n
\n
\n
\n
<\/div>\n<\/div>\n<\/div>\n
\n
<\/div>\n<\/div>
Oil Steadies on Course for Its Least Volatile Week Since 2021<\/figcaption><\/figure>\n<\/div>\n
\n
\n
In this article:<\/div>\n<\/div>\n
\n
    \n
  • \n
    \n
    <\/div>\n<\/div>\n<\/li>\n<\/ul>\n
    (Bloomberg) — Oil eased as a brief outage on North America\u2019s Keystone pipeline failed to shake prices out of what is set to be the tightest weekly trading range in years.<\/span><\/div>\n<\/div>\n<\/div>\n
    \n

    Most Read from Bloomberg<\/p>\n

      \n
    • <\/li>\n<\/ul>\n

      West Texas Intermediate slipped 0.6% to trade near $78 a barrel, further retreating from the key psychological level of $80 a barrel. Meanwhile, pipeline operator TC Energy Corp. confirmed Keystone\u2019s integrity, adding that service was temporarily suspended \u201cas a precautionary measure\u201d and that no crude was released.<\/p>\n

      Oil has traded in a tight band this year, with even less volatility this week, confining Brent prices to their narrowest range since September 2021. Cutbacks by OPEC+ and rising tensions in the Middle East and Red Sea have been balanced by surging supply from producers outside the cartel including the US. Persistent concerns about China\u2019s growth have added to headwinds.<\/p>\n

      Still, crude is getting support from Federal Reserve Chair Jerome Powell\u2019s comments that the central bank is getting close to the confidence it needs to start lowering interest rates. The dovish news pushed the dollar to its sixth session of declines, bolstering commodities priced into the currency. Meanwhile, China\u2019s oil demand has entered a low-growth phase as the nation shifts away from fossil fuels, the country\u2019s biggest energy producer said.<\/p>\n

      To get Bloomberg\u2019s Energy Daily newsletter into your inbox, click here.<\/p>\n

      –With assistance from Grant Smith.<\/p>\n

      Most Read from Bloomberg Businessweek<\/p>\n

      \u00a92024 Bloomberg L.P.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

      Oil Steadies on Course for Its Least Volatile Week Since 2021 In this article: (Bloomberg) — Oil eased as a brief outage on North America\u2019s Keystone pipeline failed to shake prices out of what is set to be the tightest weekly trading range in years. Most Read from Bloomberg West Texas Intermediate slipped 0.6% to […]<\/p>\n","protected":false},"author":1,"featured_media":2448,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[7,8],"class_list":["post-1676","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-masonry","tag-constructions","tag-industry"],"_links":{"self":[{"href":"https:\/\/www.goldenpere.com.ng\/index.php?rest_route=\/wp\/v2\/posts\/1676","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.goldenpere.com.ng\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.goldenpere.com.ng\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.goldenpere.com.ng\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.goldenpere.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1676"}],"version-history":[{"count":2,"href":"https:\/\/www.goldenpere.com.ng\/index.php?rest_route=\/wp\/v2\/posts\/1676\/revisions"}],"predecessor-version":[{"id":4018,"href":"https:\/\/www.goldenpere.com.ng\/index.php?rest_route=\/wp\/v2\/posts\/1676\/revisions\/4018"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.goldenpere.com.ng\/index.php?rest_route=\/wp\/v2\/media\/2448"}],"wp:attachment":[{"href":"https:\/\/www.goldenpere.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.goldenpere.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.goldenpere.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}